Page 103 - Motor Insurance Ebook IC 72

Guide for Motor Insurance

applicable for Private Cars, Commercial Vehicles, Motor
Cycles/Scooters, etc.

Policy 'A' covers liability to public risks as required under
the M.V. Act. In this type of Insurance the loss/ damage
to the Motor Vehicle itself, generally known as 'own
damage' is not covered.

Policy 'B'. Covers third party (T.P.) liability risk as per
the Act and own damage. This is a wider cover and
called as 'Comprehensive Insurance'.

Motor vehicles are generally classified by Insurers
into
a) Private Cars,
b) Motor cycles, Motor Scooters, Auto cycles etc.

and
c) Commercial Vehicles.

Both Policy A and Policy B are available to all these
classes of Motor Vehicles.

Policy A is issued in a Standard Form which is uniformly
applicable to all above classes of vehicles. Whereas
Policy B varies with the class of vehicle covered.

Policy 'B' has two sections in the case of Private car and

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